Subscribe free to our newsletters via your
. Energy News .




ENERGY NEWS
Turkey-Turkmen seek energy cooperation
by Staff Writers
Ashgabat, Turkmenistan (UPI) Aug 10, 2012


disclaimer: image is for illustration purposes only

Energy-rich Turkmenistan and energy importer Turkey are deepening bilateral ties.

Turkmen President Gurbanguli Berdymukhammedov is making a two-day state visit to Turkey, visiting Istanbul and Izmir.

Turkey's energy imports of Turkmen natural gas reportedly remain Ankara's biggest immediate concern, but Turkey has also expressed interest in participating in the construction of the Turkmenistan-Afghanistan-Pakistan-India natural gas pipeline.

Bilateral trade between Turkmenistan and Turkey increased 25 percent in 2011, compared to 2010 levels.

Turkish President Abdullah Gul has made four visits to Turkmenistan in the last several years, with his last official trip in May 2011, during which he discussed ways to improve cooperation in energy, construction, transportation and communication.

"Turkey is the first country to have recognized Turkmenistan as an independent state. Likewise, Turkey was the first to support Turkmenistan's neutral status in 1995," Gul said during that visit.

"There have been perfect political relations between Turkey and Turkmenistan. Our aim is to further develop and diversify our cooperation with Turkmenistan on the basis of mutual respect and interest."

Gul said Turkish firms have undertaken projects in Turkmenistan valued at more than $21 billion in recent years, a total that accounts for 12 percent of such projects by Turkish companies.

"Turkmenistan has achieved a distinguished and influential position in the international community with its neutrality policy. Taking into consideration its rich energy resources, Turkmenistan's role in regional development and stability is of critical importance," Gul said.

Berdymukhammedov visited Turkey in February and reiterated that Ashgabat views its relationship with Ankara as strategically important and Turkmenistan would welcome greater investment by Turkish companies.

Both leaders attended the Turkish-Turkmen Business Forum in Istanbul to discuss specific projects.

Turkish Economy Minister Zafer Caglayan has also been a frequent visitor to Turkmenistan, In January Caglayan initialed a protocol within the context of the Turkish-Turkmen Intergovernmental Economic Committee, by which both countries agreed to instruct their Central Banks to make arrangements so they could use their national currencies in bilateral commercial contracts.

Despite the two nations' determination to deepen relations, in 2011 Turkmen-Turkish bilateral trade accounted for only $8.6 billion, a mere 3 percent of Turkey's overall trade volume.

Among Turkey's bilateral trade with Turkic-speaking countries last year, Turkmenistan ranked a distant third after Azerbaijan and Kazakhstan in Turkey's overall trade.

All three primarily export energy to Turkey.

In 2011, Turkey's imports from Turkmenistan totaled $392.7 million, while its exports were worth $1.5 billion. Turkmen exports to Turkey consist primarily of energy, textiles, chemicals and agricultural produce, while Turkish exports to Turkmenistan consist of metal manufactures, household goods, hardware, building materials, chemical and light industrial goods, food, vehicles, and medicine.

Rather than large enterprises, most Turkish economic activity in Turkmenistan is still carried out by small- or medium-scale companies.

.


Related Links







Comment on this article via your Facebook, Yahoo, AOL, Hotmail login.

Share this article via these popular social media networks
del.icio.usdel.icio.us DiggDigg RedditReddit GoogleGoogle








ENERGY NEWS
Rwanda to develop off-grid lighting
Lagos, Nigeria (UPI) Aug 9, 2012
Approximately 85 percent of Rwanda's population has no access to the electricity grid, leading energy officials to seek "off-grid" solutions. GVEP International, a charity that battles poverty and climate change by promoting access to modern and renewable energy sources, has produced a report outlining investment possibilities in Rwanda's off-grid electrical sector, which includes solar ... read more


ENERGY NEWS
Paraguay row threatens Itaipu power deal

Turkey-Turkmen seek energy cooperation

Rwanda to develop off-grid lighting

Tanzania, Malawi in energy dispute

ENERGY NEWS
Environmentalists oppose Shell drilling

Iraq oil and gas law is UN 'priority': special envoy

Oil spill detected near Exxon operations in Nigeria

Oil higher in Asian trade on hopes of stimulus

ENERGY NEWS
Off-shore wind power project considered

Obama whips up wind power attack on Romney

Clegg: Gov't 'committed' to renewables

Mexico goes ahead with wind power project

ENERGY NEWS
China the next solar market for China?

SolarCraft Brings Solar to Altamont Apartments

Walmart Unveils 100th Solar Installation in California

Tecta Solar Completes Solar Photovoltaic Installation at Augustine Casino

ENERGY NEWS
Japan's Onagawa nuclear plant 'remarkably undamaged': IAEA

Belgian nuclear chief 'sceptical' reactor can be restarted

Belgium's nuclear watchdog may close two reactors

South Korea restarts oldest reactor

ENERGY NEWS
Senegalese villagers vow to fight biofuels project

AREVA invests in bio-coal

German National Academy of Sciences issues a critical statement on the use of bioenergy

U.S, Australian navies focus on new fuels

ENERGY NEWS
Hong Kong people share joy of China's manned space program

China's Long March-5 carrier rocket engine undergoes testing

China to land first moon probe next year

China launches Third satellite in its global data relay network

ENERGY NEWS
Diseased trees new source of climate gas

Climate: US call for 'flexibility' on warming spurs row

Stanford expert brings climate change science to heated Capitol Hill

Climate change to blame for extreme heat: NASA scientist




The content herein, unless otherwise known to be public domain, are Copyright 1995-2014 - Space Media Network. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA Portal Reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. Advertising does not imply endorsement,agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. Privacy Statement